Sarah ChenGeneral
Superfan Spending Boosts Japan Annual Retail Turnover by 2%
Economists credit the idol support culture known as oshikatsu with pulling the sector out of a long slump through merchandise, concerts, and streaming.
Tag
Department Stores
Every story tagged Department Stores on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Department Stores
60 stories in this topic
Wei ZhangFashion
Lotte Signs Blackpink Jennie as Foreign Spending Drives Record Department Store Profits
Foreign card spending in South Korea jumped 48.5 percent to 14.02 trillion won through August as department stores pivot back to celebrity ambassadors.
Minjun ParkFashion
Dickson Poon Faces £100M Loss Following Sale of Harvey Nichols
Frasers Group acquired the luxury department store chain out of administration for £43 million and plans to convert regional UK sites to Flannels.
Rajiv MenonFashion
Moncler Expands Re/Icons Archive Range into Full Ready-to-Wear Line
Priced between 990 and 2,400 euros, the expanded collection receives an exclusive Tokyo pop-up at Isetan ahead of its global release on October 15.
Wei ZhangReal Estate
China Luxury Malls Expand Footprint Despite Retail Gloom
High-end developers are adding dedicated VIP lounges and building new wings to secure multi-level flagship commitments.
Aiko TanakaE-Tailing
Target Lists 25,000 Items on Uber Eats for 60-Minute Delivery
The service is launching initially across 20 high-demand stores ahead of the holiday shopping period, making Target the first fashion retailer in Australia on the app.
Minjun ParkFashion
Musinsa Helps 15 Korean Fashion Brands Enter China via Shanghai Pop-Up
The temporary store at Jing An Kerry Centre drew more than 10,000 visitors in its first month and runs through Nov. 30.
Wei ZhangLiving
Toys R Us to Open 120 Stores in the US Ahead of Christmas
WHP Global and Go! Retail Group plan to operate the downsized locations on leases of 12 months or less.
Sarah ChenGeneral
Thailand Pivots Tourism Strategy to Target High-Value Visitors
The government’s push for quality over quantity comes as international arrivals struggle to return to pre-Covid benchmarks.
Wei ZhangFashion
Myer Slips to $276.5 Million Annual Loss on Heavy Store and Brand Write-Downs
A $279.6 million non-cash impairment dragged Australia’s largest department store chain into its second-steepest statutory loss on record despite sales reaching $4.1 billion.
Wei ZhangFashion
Myer Posts AU$276.5 Million Loss on Impairments as Solomon Lew Joins Board
Underlying profit reached AU$42.5 million as apparel brand acquisitions lifted group revenue past AU$4 billion despite large asset write-downs.
Rajiv MenonResearch
Nearly Six in 10 Australian Shoppers No Longer Buy at Full Price
A KPMG report finds consumers are reshaping the sector by timing their purchases around major sales events.
Rajiv MenonFashion
Sulwhasoo Launches in Japan with Isetan Shinjuku Pop-Up and Online Push
Amorepacific’s flagship ginseng skincare label is testing Tokyo’s premier luxury department store ahead of a multi-platform digital rollout across Amazon Japan, Qoo10, and Cosme.
Aiko TanakaGeneral
Hyundai Department Store to Open 10 Overseas Multi-Brand Stores by 2030
The South Korean retail giant launches a permanent store in Tokyo as it builds a global multi-brand platform for domestic apparel labels.
Maria SantosFashion
David Jones Shares Jump 12.3 Percent on Mystery UK Takeover Offer
The unsolicited approach from an unnamed British entity also lifted shares in rival Australian department store Myer by more than four percent.
Sarah ChenResearch
Malaysia Q2 Retail Sales Growth Falls Short as Spending Tightens
Persistent cost of living pressures led households to curb discretionary purchases, catching shopping mall and high street operators off guard.
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